SEC Ex-Chief Lands at Consultant

Schapiro Is Latest Former U.S. Regulator to Join Promontory Financial; 'No Revolving Door'

By

Jean Eaglesham

April 2, 2013 12:04 a.m. ET

Less than four months after stepping down as the top U.S. securities regulator, Mary Schapiro is joining a consulting firm that has built a reputation as a shadow regulator by hiring scores of former government officials.

Promontory Financial Group LLC is expected to announce Tuesday that it has hired Ms. Schapiro, who was chairman of the Securities and Exchange Commission for nearly four years.